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  1. #1
    Specialist Member RCox's Avatar

    Hot Euro/German GDP Combo Last Potential Market Mover !!!

    Euro/German GDP Combo Last Potential Market Mover

    Eurozone figures tend to have less of an impact when compared to what happens in individual countries. This is largely because the market doesn't care about what happens to the Eurozone as a whole and individual results tend to make better headlines. The last market mover for the week is the confluence of Eurozone/German GDP releases. Watch for the German numbers to be the bigger story.

    If we see surprises in the combo release, look to trade hourly EUR/JPY CALLS on a break above 123.20. Look to trade hourly PUTS on a break below 122.20. The upside has greater potential for follow through, given the recent downside moves in the Euro and the fact that a negative surprise would cause Euro bears to exit their positions.

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  2. #2
    Specialist Member runneroption's Avatar
    The release will happen at 07:00 GMT tomorrow morning so we will see some early London volatility I guess.

  3. #3
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by runneroption View Post
    The release will happen at 07:00 GMT tomorrow morning so we will see some early London volatility I guess.
    Wasn't that release last week? I seem to remember a release showing a larger than expected drop in German GDP accompanied by an expectation for sharp rebound in the first quarter....

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